Residential mortgage lender, Gen H, has launched a limited edition mortgage rate for loans above £400,000.
The two-year fixed rate of 4.89% is available on loans at 60% LTV and below with a fee of £1,999.
At the same time, the lender has launched a series of high-LTV rate reductions up to 0.10%.
All 95% LTV rates are decreasing by 10bps, all 85% and 90% LTV rates by 5bps, and all products below 4.49x LTI at 85%, 90%, and 95% LTV are decreasing by an extra 5bps.
Sara Palmer, sales and distribution director at Gen H, said: “This discounted product will surprise a lot of people, because Gen H is so often thought of as a first-time buyer lender. But this is actually a great example of the Gen H ethos.
"Our team saw an opportunity to help this segment of buyers – next-time buyers, buying a home for the long-term – and right away, we knew we wanted to go for it. This rate won’t be around forever, but while it is, we hope it helps buyers lock in the family forever home of their dreams.”
